MEGEF (MEG Energy) Accumulated Depreciation : $-4,051 Mil (As of Mar. 2025)

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What is MEG Energy Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

MEG Energy's quarterly accumulated depreciation declined from Sep. 2024 ($-4,106 Mil) to Dec. 2024 ($-4,011 Mil) but then increased from Dec. 2024 ($-4,011 Mil) to Mar. 2025 ($-4,051 Mil).

MEG Energy's annual accumulated depreciation increased from Dec. 2022 ($-3,316 Mil) to Dec. 2023 ($-3,801 Mil) and increased from Dec. 2023 ($-3,801 Mil) to Dec. 2024 ($-4,011 Mil).

MEG Energy Accumulated Depreciation Historical Data

The historical data trend for MEG Energy's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MEG Energy Accumulated Depreciation Chart

MEG Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accumulated Depreciation

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-2,899.52

-3,238.28

-3,316.16

-3,801.43

-4,011.37

MEG Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Accumulated Depreciation	Get a 7-Day Free Trial															-3,885.20	-3,942.36	-4,106.01	-4,011.37	-4,051.27

MEG Energy Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

MEG Energy Accumulated Depreciation Related Terms

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MEG Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MEG Energy Corp (OTCPK:MEGEF) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

ME7:Germany ME7:Germany MEG:Canada

Address

600 - 3rd Avenue South West, 21st Floor Mail Room, Calgary, AB, CAN, T2P 0G5

Website

https://www.megenergy.com

MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production at its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.